FP.PA - TOTAL S.A.

Paris - Paris Delayed Price. Currency in EUR
46.18
-0.29 (-0.63%)
At close: 5:35PM CET
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Previous Close46.47
Open46.50
Bid0.00 x 0
Ask0.00 x 0
Day's Range46.00 - 46.62
52 Week Range42.65 - 52.27
Volume4,524,756
Avg. Volume4,437,595
Market Cap119.394B
Beta (5Y Monthly)0.74
PE Ratio (TTM)12.94
EPS (TTM)3.57
Earnings DateFeb 06, 2020
Forward Dividend & Yield2.64 (5.68%)
Ex-Dividend DateMar 30, 2020
1y Target Est68.27
  • French campaign groups ask court to order Total to act on global warming
    Reuters

    French campaign groups ask court to order Total to act on global warming

    Fourteen French local authorities and six campaign groups have asked a French court to order oil major Total to sharply reduce its greenhouse gas emissions, campaign groups said on Tuesday. The lawsuit filed against Total comes as oil majors face increasing pressure from activists to act on climate change. The French campaign groups said in a statement the lawsuit was the first of its kind filed in France.

  • Business Wire

    Banque des Territoires Takes a 50% Stake in a Portfolio of Solar and Wind Power Assets of Total in France

    Total (Paris:FP) (LSE:TTA) (NYSE:TOT), through Total Quadran - its renewable electricity production subsidiary in France, and Banque des Territoires have signed an agreement upon which Banque des Territoires takes a 50% equity stake in Total Quadran’s portfolio of solar and wind energy assets in France of a total capacity of 143 MW. The entry of Banque des Territoires into both portfolios alongside Total Quadran will enable Total Quadran to pursue further development of renewable energy projects in France in partnership with a locally established payer committed to regional development.

  • Rigzone.com

    Total Sued Over Carbon Emission Targets

    Oil giant Total SA is being sued by 14 local governments and a handful of non-governmental organizations in France for not doing enough to reduce its carbon emissions and fight global warming.

  • Reuters

    Cameron LNG seeks more time to build 2nd phase at Louisiana export plant

    Cameron LNG asked U.S. energy regulators for a 72-month extension until May 2026 to build the second phase of the joint venture's Cameron liquefied natural gas (LNG) export plant in Louisiana. The company said in a filing with the U.S. Federal Energy Regulatory Commission on Friday that it anticipates making a final investment decision (FID) by mid 2021 to add two additional liquefaction trains. Cameron LNG said construction of the new trains would likely take up to 58 months.

  • Oil Traders Made Billions in 2019 as Conflict Shook the Market
    Bloomberg

    Oil Traders Made Billions in 2019 as Conflict Shook the Market

    (Bloomberg) -- The world’s largest energy traders enjoyed one of their best ever years in 2019 as pipeline outages, dramatic changes in ship fuel regulations and Middle East conflicts shook up the global oil market.The bonanza extended beyond the independent traders like Vitol Group and Trafigura Group Ltd. to the in-house units of oil giants Royal Dutch Shell Plc, Total SA and BP Plc, which made billions of dollars in profits.“By all accounts, 2019 was among the best years ever for the energy trading industry,” said Marco Dunand, the chief executive of Mercuria Energy Group Ltd., one of the five largest independent oil traders.For the independents, the bumper year all but guarantees a fat bonus season for a group of companies that’s largely owned by their executives and senior staff. For the European oil companies, the trading boom will help Shell, BP and Total to weather a tough year in other parts of their business.In interviews with senior traders and top executives, the consensus is that the industry benefited from a lucky mix of factors in the oil market. Recent investments in trading natural gas, power and liquefied natural gas also started to bear fruit.First, a series of supply outages boosted the premiums that oil refiners pay over the benchmark price for some crudes. Early in 2019, Washington imposed sanctions on Venezuela, disrupting flows. Then, Russian shipments into Europe via the key Druzhba pipeline were halted after oil was tainted with a corrosive pollutant. And in September, Saudi exports were hindered after a terrorist attack against the country’s most important petroleum facility.Some traders also profited from the so-called IMO2020 rules that force the world’s merchant shipping fleet to use fuel with a lower sulfur content. The rules have upended the oil-refining and maritime industries, causing gyrations in the price of fuel-oil and marine diesel.The results provide some breathing room for a sector that’s under assault from falling margins. Brent crude, the world’s most important benchmark, traded in a relatively narrow range of $52.51 to $75.60 a barrel through the year.Vitol, Glencore, Shell, BP and Total all declined to comment on their results.The trend was already clear in the results of Trafigura, which reports earlier than others due to a fiscal year ending in September. Trafigura said its oil unit delivered a record gross profit of $1.7 billion last year.$1 Billion YearElsewhere executives also expect a stellar year, even as they caution that they haven’t yet audited their financial statements or decided on the final writedowns against 2019 results. The oil-trading unit of Glencore Plc., for example, enjoyed its best ever result, according to people familiar with the matter. One person said Glencore expects to report earnings before interest and taxes of more than $1 billion in oil trading.At Gunvor, chief executive Torbjorn Tornqvist said 2019 was “up there among the best years ever” for the trading house, in part thanks to its expansion into LNG, super-cooled natural gas that can be transported by vessel. “We have a good year across the board.”Vitol, the world’s largest independent oil trader, expects to report earnings near $2 billion, one of its best results, according to a person familiar with the matter. Mercuria also enjoyed a “very good year,” its chief executive said.Inside Big Oil, it was also a trading bonanza. Although better known for their oil fields, refineries and pump stations, Shell, BP and Total also run in-house trading businesses that are larger than the better-known independent dealers. Shell alone trades the equivalent of 13 million barrels a day of oil, dwarfing the nearly 7.5 million barrels a day at Vitol.For BP and Shell, 2019 was one of the best years ever in trading, making several billions dollars, according to two people familiar with the matter. Shell alone made at least $1 billion in fuel-oil trading linked to the IMO2020 changes.The results came despite mounting legal and regulatory pressures on some of the biggest trading houses. Glencore is under investigation by the U.S. Department of Justice. Meanwhile, Vitol and Trafigura had their Geneva offices raided by Swiss prosecutors as part of a bribery investigation in Brazil. And Gunvor had to pay $95 million in Switzerland to settle a case that saw a former employee pay bribes to secure oil deals in the Republic of Congo and Ivory Coast.\--With assistance from Andy Hoffman, Jack Farchy, Ronan Martin and Francois de Beaupuy.To contact the reporter on this story: Javier Blas in Davos at jblas3@bloomberg.netTo contact the editors responsible for this story: Will Kennedy at wkennedy3@bloomberg.net, Emma Ross-Thomas, Helen RobertsonFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Reuters

    RPT-IMF aid to Congo Republic on hold over Glencore, Trafigura impasse

    LONDON/JOHANNESBURG, Jan 24 (Reuters) - Talks to salvage a tentative $1.7 billion debt restructuring between Congo Republic and energy traders Glencore and Trafigura are stuck, sources said, jeopardising an International Monetary Fund bailout for the debt-hobbled nation.

  • Reuters

    Congo Rep. debt could be one-third higher than IMF estimate - campaign group

    Congo Republic's public debt could be more than one-third higher than the International Monetary Fund estimated when it awarded a bailout last year because of liabilities held by the state oil company, environmental and rights group Global Witness said on Monday. If confirmed, this increase could hinder the OPEC producer's economic recovery from a downturn that began in 2014 when oil prices dropped sharply, causing debt levels to balloon to 118% of GDP in 2017. The IMF plan for Congo Republic was agreed last year after Brazzaville renegotiated a portion of its Chinese debt.

  • Barrons.com

    It’s Time to Take Another Look at Energy Stocks, a Top Advisor Says

    Edward Jones’ Jennifer Marcontell recommends energy stocks as long-term plays. She sees inexpensive shares and solid yields, and demand has never really been the problem.

  • Reuters

    IMF aid to Congo Republic on hold over Glencore, Trafigura impasse

    LONDON/JOHANNESBURG, Jan 24 (Reuters) - Talks to salvage a tentative $1.7 billion debt restructuring between Congo Republic and energy traders Glencore and Trafigura are stuck, sources said, jeopardising an International Monetary Fund bailout for the debt-hobbled nation.

  • Oil CEOs at Davos Debate Tougher CO2 Cuts as Pressure Mounts
    Bloomberg

    Oil CEOs at Davos Debate Tougher CO2 Cuts as Pressure Mounts

    (Bloomberg) -- Sign up here to receive the Davos Diary, a special daily newsletter that will run from Jan. 20-24.The bosses of some of the world’s biggest oil companies discussed adopting much more ambitious carbon targets at a closed-door meeting in Davos, a sign of how much pressure they’re under from activists and investors to address climate change.The meeting, part of a World Economic Forum dominated by climate issues, included a debate on widening the industry’s target to include reductions in emissions from the fuels they sell, not just the greenhouse gases produced by their own operations, people familiar with the matter said on Wednesday.The talks between the chief executive officers of companies including Royal Dutch Shell Plc, Chevron Corp., Total SA, Saudi Aramco, Equinor ASA and BP Plc showed general agreement on the need to move toward this broader definition, known as Scope 3, the people said, asking not to be named because the session was closed to the press. The executives didn’t take any final decisions.Shell and Aramco declined to comment. Media representatives for Chevron, Total and BP weren’t immediately able to respond to requests for comment. Equinor confirmed its CEO Eldar Saetre attended the meeting.Climate FocusTargeting Scope 3 emissions would be a big shift for an industry that produces the bulk of the world’s planet-warming emissions, once that could eventually require them to sell far less oil and gas. The simple fact that the industry’s top executives were considering it underscored how climate concerns suddenly came into focus in Davos this year.For the first time, environmental risks occupied the WEF’s top five long-term concerns. Business leaders from BlackRock Inc. CEO Larry Fink to Allianz SE boss Oliver Baete used their platform at the event to focus on sustainable investment. The two highest-profile attendees at the forum -- President Donald Trump and climate activist Greta Thunberg -- made headlines as they staked out opposing positions on the issue.The oil and gas executives debated a document produced by the WEF on “neutralizing emissions at the pump,” a reference to the gasoline and diesel sold to customers. There’s an urgent need to shift the industry’s target from production to emissions from end users, said one person.Several companies have already set targets for Scope 1 and 2 greenhouse gases, which come directly from pumping and refining hydrocarbons. Yet these account for less than 10% of total emissions from the life cycle of oil and gas. Some of their pledges have also focused on curbing emissions intensity -- the amount of carbon dioxide released per unit of energy -- which wouldn’t necessarily lead to a reduction in the volume of greenhouse gases produced if a company’s output is growing.Among major energy groups, only Shell, Total and Madrid-based Repsol SA have publicly announced that they are either targeting or monitoring Scope 3 emissions.The Spanish company made the boldest move, promising net-zero emissions in 2050 by diverting investment into wind and solar power. Shell has taken more modest steps, pledging to offset the greenhouse gases produced by fuel sold to drivers on their loyalty-card programs in the U.K. and Netherlands.Eni SpA Chairman Emma Marcegaglia said in a Bloomberg TV interview that the company is committed to becoming carbon neutral on a Scope 1 and 2 basis by 2030. The Italian oil and gas giant is in discussions about Scope 3 emissions, but needs more guidance from the government on how to do so, she said.Other companies, notably U.S. majors Exxon Mobil Corp. and Chevron have so far resisted specific pledges to cut total emissions, with the latter focusing instead on the carbon intensity of the energy it produces. BP CEO Bob Dudley, who retires later this year, has agreed aims for Scope 1 and 2 gases but in the past opposed a Scope 3 target.“We need to reduce our carbon intensity, everyone in the industry agrees on that,” Dudley said in an interview in Davos. However, he cautioned that shareholders and companies were using multiple definitions of Scope 3 emissions. “We need to get a common definition” so the industry “can work together in a powerful way.”(Updates with Aramco comment in fourth paragraph)\--With assistance from Laura Hurst, Francois de Beaupuy, Matthew Martin, Francine Lacqua and Mikael Holter.To contact the reporter on this story: Javier Blas in Davos at jblas3@bloomberg.netTo contact the editors responsible for this story: James Herron at jherron9@bloomberg.net, Rakteem KatakeyFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Business Wire

    Electric Vehicles: Total Will Install and Operate up to 20,000 New EV Charging Points for ‘Metropolitan Region Amsterdam Electric’

    ‘Metropolitan Region Amsterdam Electric’ (MRA-Electric) has awarded Europe’s largest concession contract for electric vehicles charging to Total (Paris:FP) (LSE:TTA) (NYSE:TOT). Under this agreement, Total will install and operate up to 20,000 new public charging points in the Netherlands, in the three provinces of North-Holland, Flevoland and Utrecht*. This new contract intends to address the fast growing demand for public Electric Vehicle (EV) charging points in the Netherlands.

  • Reuters

    Guyana opposition candidate pledges to keep Exxon contract intact

    Exxon Mobil's oil contract with Guyana would be exempt from a review of the South American nation's deals if the opposition wins the March 2 election, the party's top candidate said. While his People's Progressive Party (PPP) has criticized President David Granger's 2016 deal with Exxon as too generous, Irfaan Ali called the company - whose 1 million barrel cargo of Guyana's first-ever crude production set sail on Monday - a "pioneer" in an interview over the weekend. The PPP's platform pledged to "immediately engage the oil and gas companies in better contract administration/re-negotiation." Other companies exploring off Guyana's coast include Britain's Tullow Oil, Spain's Repsol SA and France's Total.

  • Business Wire

    Total to Develop Qatar’s First Large-Scale (800 MWp) Solar Plant

    Total (Paris:FP) (LSE:TTA) (NYSE:TOT) has entered into agreements for the development of the Al Kharsaah Solar PV IPP Project, a 800 megawatt-peak (MWp) solar plant that will be located 80 kilometers west of Doha, Qatar. The project was awarded to a consortium of Total (49%) and Marubeni (51%) as the result of the country’s first solar tender. This project further strengthens our long-term partnership with Qatar in oil, natural gas, refining and petrochemicals and expands it to include renewable energy.

  • Total, Marubeni to Invest in 800-Megawatt Qatar Solar Plant
    Bloomberg

    Total, Marubeni to Invest in 800-Megawatt Qatar Solar Plant

    (Bloomberg) -- Marubeni Corp. and Total SA agreed to take a minority stake in a 1.7 billion-riyal ($464 million) project to build Qatar’s first solar power plant.The companies will contribute funds and technological expertise for a combined 40% stake in the 800-megawatt Al-Kharsaah solar project, Qatari Energy Minister Saad Sherida Al-Kaabi said at a signing ceremony on Sunday in Doha. A joint venture between Qatar Petroleum and Qatar Electricity & Water Co. will hold the remaining 60%.Like many of its oil-rich neighbors, Qatar, the world’s biggest exporter of liquefied natural gas, is pushing into solar power and other forms of renewables for its local energy needs. Al-Kharsaah will be able to supply about a 10th of Qatar’s power when it starts supplying at full capacity in the first quarter of 2022, Al-Kaabi said.Marubeni will invest about $95 million in the plant, for 20.4% of the total project, while Total will contribute about $91 million, for a 19.6% share, Al-Kaabi and Total Chief Executive Officer Patrick Pouyanne said at a news conference. Siraj Energy, the Qatari joint venture, will own the rest.State-run Qatar Petroleum, where Al-Kaabi is also the chief, wants to build four new gas liquefaction plants, known as trains, and is negotiating a possible partnership with energy majors. Qatar will decide this year whether it wants international partners to help expand the North Field, its part of the world’s largest gas deposit, Al-Kaabi said last month in Kuwait.The agreement with Marubeni and Total “has absolutely nothing to do with the North Field bidding process,” he said. (Updates with details of agreement from first paragraph.)To contact the reporter on this story: Simone Foxman in Doha at sfoxman4@bloomberg.netTo contact the editors responsible for this story: Nayla Razzouk at nrazzouk2@bloomberg.net, Bruce Stanley, James AmottFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Rigzone.com

    Angola's Oil Drilling Ramps Up

    Angola's ailing oil industry got a shot in the arm this week, with Eni SpA and Total SA both showing their commitment to the OPEC producer.

  • Business Wire

    Total: Main Indicators

    Regulatory News:

  • Business Wire

    Trading Statement

  • Rigzone.com

    Total to Drill World's Deepest Offshore Well in Angola

    Total SA will drill the world's deepest offshore well in Angola, in waters more than 2 miles deep, as the African country works to reverse years of declining output.

  • 6 Cheap Stocks Trading at 52-Week Highs
    GuruFocus.com

    6 Cheap Stocks Trading at 52-Week Highs

    Global Partners tops the list Continue reading...